Franklin County Retirement System, Greenfield, Mass., is searching for a manager to run $10 million in active domestic large-cap value equities. The $40 million pension fund is accepting proposals until Tuesday. A new manager would replace Freedom Capital, which is on watch because of performance, said Steven Wilson, pension fund spokesman. The system will review proposals and take that information into account in deciding whether to terminate Freedom, he explained.
Michael Spencer, chief investment officer at Freedom Capital, did not respond by press time.
Dahab Associates is assisting.
